The number of completed merger and acquisition deals in the insurance sector last year leaped from 407 to 418, according to Clyde & Co’s latest Insurance Growth Report.
The report said that the surge was driven by a particularly strong second half of the year, which saw 221 deals, up from 197 in the first six months.
The Americas remained the most active region for M&A – accounting for over half of the global annual total – with 224 deals, an annual increase of 17%. Activity was led by the US, where the number of completed transactions reached 180 for the year – the highest total for the country since 2015. Deal activity in Europe was up 21% year-on-year, buoyed by a stand-out second half, which saw 74 transactions, up from 51 in H1 2021.